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Mortgage rates fall as labor market normalizes

Housing Wire

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. The four-week moving average declined slightly by 750, to 212,250 Below is an explanation of how we got here with the labor market, which all started during COVID-19. Jobless claims show an expanding economy that has not lost jobs yet.

Marketing 493
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Are we seeing cracks in the labor market?

Housing Wire

Here are my three key points on the labor market recovery since I retired my COVID-19 recovery model on Dec. We should get back all the jobs lost to COVID-19 by September of 2022. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs.

Marketing 493
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Kingston is latest hot housing market for those leaving NYC

Housing Wire

The proximity to New York City — and the abundance of public transportation that can take you there — is also a factor. “At any time during the day, I’ve got people in my shops, looking in my windows at houses to buy. . Morrison cited the air quality, hiking, skiing, hunting, and fishing as the main perks.

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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. The number of unemployed Americans also rose to 6.5

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Job gains exceed expectations in December

Housing Wire

million increase of 2022. While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7

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Is the market pivoting ahead of the Fed?

Housing Wire

The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession.

Marketing 510
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Jobs data shows the truth about the labor market

Housing Wire

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. From the St.

Marketing 441